Denis O Brien

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Digicel’s restructuring plan is aimed at wiping $1.7 billion of debt  in a process judged by Fitch to amount to a “distressed debt exchange”. Photograph: Ken Cedeno/Corbis via Getty Images

Businessman Denis O’Brien’s Digicel has revealed that more than 75 per cent of creditors holding almost $5.1 billion (€4.7 billion) of the group’s deb(...)

Patrick Collison (left) with brother John Collison, giving an interview to Bloomberg in San Francisco. Photograph: David Paul Morris/Bloomberg

Tech entrepreneur brothers Patrick and John Collison have again made it on to the Forbes billionaires’ list, holding positions ahead of the club’s lon(...)

Denis O’Brien baulked at the prospect of handing over more than 50% of his empire to stock market investors.

Denis O’Brien scrapped a $2 billion (€1.85 billion) initial public offering of his Digicel phone group 4½ years ago, baulking at the prospect of handi(...)

‘We have to keep going,’ said Johnny O’Hanlon of representative group Local Ireland. Photograph: iStock.

Journalism may have been deemed an essential service during the Covid-19 crisis, but the media sector has not escaped the wave of layoffs and pay cuts(...)

Digicel is looking for creditors to write off $1.7 billion (€1.55 billion) of what they are owed.

Businessman Denis O’Brien may end up handing over 49 per cent of his Digicel phone empire under a complicated debt-restructuring plan aimed at credito(...)

Most of the journalists working for its sports news site the42.ie are to be made part-time.

Digital publisher Journal Media is to close its business site Fora.ie, scale back its sports website the42.ie and cut staff pay by between 5-20 per ce(...)

Stack B: the building  occupies a prominent position overlooking George’s Dock and backing on to Custom House Quay in the IFSC

Trinity College Dublin has acquired the landmark Stack B office building at the IFSC for €16 million. Located overlooking George’s Dock, the property (...)

Communicorp has informed employees at all its stations that is introducing pay cuts because of the impact of the coronavirus pandemic on its business.

The owner of the country’s largest independent radio stations including Newstalk and Today FM is to cut staff wages by up to 25 per cent as a result o(...)

 A Digicel store in Fiji.

Denis O’Brien’s telecoms group Digicel will not have to pay interest for a 30-day period on some $2.9 billion of its debt, the company has said. In (...)

Digicel has $6.8bn in debt. Photograph: iStock

Businessman Denis O’Brien’s heavily indebted Digicel phone group is in talks with bondholders about writing off a large part of what they are owed, as(...)

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